Tribal Group: Jenzabar Confirms No Certainty an Offer Will Be Made
Tribal Group: Jenzabar Confirms No Certainty an Offer Will Be Made
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Tribal Group says Jenzabar made possible offer at 111 pence a share
The board says it received an unsolicited, conditional proposal for the entire issued and to be issued share capital of Tribal at 111 pence per ordinary share in cash. It says shareholders should take no action on the Jenzabar proposal and backs the improved Main Capital sale terms.
Jenzabar considers possible cash offer for Tribal Group at 111 pence a share
Jenzabar said it is considering a possible cash offer for the entire issued and to be issued share capital of Tribal Group at 111 pence per share. It said the offer would be funded from cash resources and debt facilities and/or third-party financing, and urged shareholders to vote against the proposed sale.